Bristol Gate Capital Partners Inc. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 700 shares of the business services provider's stock, valued at approximately $349,000.
A number of other hedge funds have also recently made changes to their positions in SPGI. Howard Capital Management Group LLC grew its position in shares of S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after buying an additional 28 shares in the last quarter. Centiva Capital LP bought a new position in S&P Global during the 3rd quarter worth about $478,000. Quarry LP purchased a new position in S&P Global during the 3rd quarter valued at about $55,000. Kovitz Investment Group Partners LLC raised its holdings in shares of S&P Global by 24.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 15,689 shares of the business services provider's stock valued at $8,105,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of S&P Global in the 3rd quarter worth approximately $269,000. 87.17% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on SPGI shares. Evercore ISI boosted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and an average target price of $595.14.
View Our Latest Report on SPGI
S&P Global Stock Performance
Shares of S&P Global stock traded up $7.38 on Friday, reaching $465.14. 1,045,172 shares of the stock were exchanged, compared to its average volume of 1,243,081. The business has a 50 day moving average price of $504.81 and a two-hundred day moving average price of $506.17. The firm has a market capitalization of $145.98 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the company posted $3.13 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 31.09%.
S&P Global Company Profile
(
Free Report)
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.
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